About Us

We Are National Development

National Development is a vertically integrated real estate investment, development, construction and asset management firm. We work closely with our partners and stakeholders to create vibrant and interesting places. Through over 300 projects and four decades of experience, we have become part of the communities in which we work. Our local knowledge and relationships combined with our understanding of the global capital markets result in exceptional projects and attractive investments.

Our Mission

We turn projects into communities. We work collaboratively as long-term partners, creating value for our investors and enhancing the neighborhoods in which we build.

DEI Statement

Equal. United. Empowered. We Are Better Together.

National Development values all perspectives and strives toward inclusivity because we believe that equal opportunity and shared success strengthens both our firm and our community. We are actively pursuing a number of improvements within our company that move us toward meaningful, long-term, sustained change. We are committed to fostering diversity, equity, and inclusion through the many ways that we create, build, and impact the communities in which we live and work.

Strength & Capability

Our greatest strength is our people; 250 team members bring expertise in every aspect of the value creation process, across all property categories including office, research, industrial, retail, senior housing, multifamily and hotel.

National Development’s activities are primarily funded by our closed-end discretionary funds. We launched our first fund in 2006 and have subsequently raised over $1.6 billion via five fully discretionary funds comprised primarily of endowments, foundations, institutions and family offices. We are currently investing our $500,000,000 Fund V, which we expect will be deployed into $1.5 – 2 billion of new acquisitions and developments.


Over National Development’s 40-year history in Boston, we have developed over 35 million SF in over 45 communities, investing over $6 billion. Our knowledge of the Greater Boston market and its many cities and towns is unparalleled. National Development is consistently ranked by the Boston Business Journal as one of the largest real estate development and investment firms in New England.

Innovation & Performance

National Development has distinguished itself as one of Boston’s most creative and innovative real estate firms, with a long track record of creating great places in which people want to work and live. Our vertically integrated structure, with the discretionary capital and in-house acquisition, development, construction and property management expertise, has earned our firm a reputation for reliably executing thoughtfully conceived projects on time and on budget.

Our Values


It’s true. We are better together. Through collaboration, we turn visions into realities and projects into communities. Through teamwork, trust and open communication, we inspire each other with a strong sense of purpose to create great places.


We’re committed to working together with the cities and towns in which we work, creating environments that have a deep impact on people’s lives. We also believe in giving back. Every year, we support over 100 charitable and community organizations including United Way of Massachusetts Bay, Heading Home, Building Impact, Foundation for MetroWest, Habitat for Humanity and many others.


From innovative deal structures to creative placemaking, we pride ourselves on our ability to think outside the box and maximize the potential of each project. We draw inspiration from history, sound planning and design principles, and community input to deliver projects that empower change, growth and transformation.

What We Do

As a vertically integrated company with in-house capital combined with acquisition, financing, permitting, development, construction and management expertise, we are able to bring a high level of speed, reliability and efficiency to the process of creating great places. 



In 2006, ND launched the firm’s closed-end series of investment funds and has subsequently raised over $1.6 billion via five fully discretionary funds comprised of endowments, institutions, family offices, and high net worth individuals. The firm is currently investing its $475,000,000 Fund 5, focusing on properties where value can be increased through repositioning, redevelopment and/or ground up development.

The funds have invested in over $7 billion in real estate assets over the past 18 years in the Greater Boston area.




Our development team excels at taking a project from the initial acquisition through construction and stabilization. Our deep understanding of market forces, planning issues, the permitting process, design and financing are the key ingredients to our success. We are primarily focused on the development or redevelopment of mixed-use properties that combine several project types to create vibrant, attractive places.




Cranshaw Construction is our construction manager/general contractor affiliate. The firm builds office, industrial, residential, life science, retail, hotel and other project types on behalf of both National Development and third party clients. Cranshaw’s capabilities include pre-construction services, site analysis, feasibility and conceptual estimating, plan review and value engineering. The firm is consistently ranked by the Boston Business Journal as one of the top ten largest construction management firms in Greater Boston.

Property Management


Our property management group is one of the largest in the region and manages nearly 8 million SF of commercial, industrial, multifamily and retail space, including approximately 2,800 apartment units, for both National Development and third party clients. We are committed to maximizing the value of each client’s asset through proactive marketing, tenant retention and community engagement programs, comprehensive maintenance, and detailed financial reporting.  For more information about the residential communities we manage, visit www.ndcommunities.com.

Learn More



  • Building Impact Silver Impact Award



  • NAIOP Distinguished Real Estate Award

  • The American Consulting Engineers Council of Massachusetts, Excellence Award

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  • Linda Swain Appointed Vice President of Marketing and Communications at National Development

    July 23, 2024

    National Development, a leading vertically integrated real estate investment, development, construction, and asset management firm, announced today the expansion of its senior leadership team with the appointment of Linda Swain as Vice President of Marketing and Communications. Swain brings over 25 years of transformative marketing leadership to her new role,...

  • Co-living Push Gets Mixed Results in Boston. One Developer is Scaling Back. Another is Open to More.

    May 14, 2024

    Developers say co-living — a housing model in which a tenant rents just the bedroom and shares a kitchen and bath — is supposed to give young people the opportunity to live in neighborhoods they otherwise couldn’t afford in this unprecedented housing crisis. But the leader of Boston’s Housing Innovation Lab told the...

  • 7 Investigates: Co-living Communities

    April 16, 2024

    Shared living spaces, like 525 LINC in Allston and 7INK in Boston’s South End, could help provide affordable housing for young professionals and keep them working in Boston. The 525 LINC shared living building has 80 apartments, but provides housing for 279 people, said Christopher Fernandez, the building’s property manager....

  • National Development Wins Two National Awards for 7INK, Boston’s First Inclusive Living™ Residence

    March 20, 2024

    7INK, National Development’s new Inclusive Living™ building at Boston’s Ink Block, won the Platinum Award / 1st Place for Innovative Housing and Best in the Region at the National Association of Home Builders (NAHB) Best in American Living™ Awards, held during the 2024 International Builders’ Show in Las Vegas, NV....

  • 6 Multifamily Projects Showcase Award-Winning Design

    March 19, 2024

    The National Association of Home Builders recognized developments from across the country in its recent awards program. The Great Room resident lounge at 7INK, a combination market-rate and coliving property in Boston. 7INK received the Best in Region — North Atlantic award at the National Association of Home Builders’ Best...

  • 525 LINC Brings Co-living Apartments to Allston

    February 5, 2024

    Tenants rent by the bedroom. Leases start at $3,000 for a studio and $1,795 for a one-bedroom in a shared apartment. Allston’s co-living, all-inclusive apartment block 525 LINC opened its doors to tenants in January, bringing a new housing option to the area. Co-developed by Boylston Properties and Arx Urban,...

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